Adani Enterprises Limited has informed the Exchange regarding a press release dated July 31, 2025, titled "Adani Enterprises Ltd announces Q1-FY26 results".
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Awaiting price reaction for this filing.
Adani Enterprises reported a mixed Q1 FY26 with consolidated total income falling 14% YoY to Rs. 22,437 cr and EBITDA declining 12% to Rs. 3,786 cr, mainly hit by lower trade volumes and price volatility in IRM and Commercial Mining. Profit before tax dropped 34% to Rs. 1,466 cr and profit after tax fell 50% to Rs. 734 cr. On the positive side, incubating businesses now contribute 74% of consolidated EBITDA, with that segment's EBITDA rising 5% YoY to Rs. 2,800 cr, led by the Adani Airports business which posted a 61% jump in EBITDA to Rs. 1,094 cr. Management highlighted that large infra assets like Navi Mumbai Airport, the Copper Plant and the Ganga Expressway will unlock additional EBITDA during FY26. Post-quarter, AEL raised Rs. 1,000 cr via NCDs in three hours and moved to fully exit its AWL (Adani Wilmar) JV, realising Rs. 3,700 cr from a 10.42% stake sale with an agreement to sell the remaining 20%.
Near-term numbers are weak, with profits down sharply on commodity and trading headwinds, which may weigh on the stock in the short term. However, management's confidence in large infra-asset operationalisation during FY26, along with the AWL exit proceeds and growing airport/wind order book, sets up a potential earnings recovery in coming quarters.